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Ebay Wave Analysis 26 April 2024
May 7, 2024

– Ebay reversed from support level 49.35– Likely to rise to resistance level 52.55Ebay recently reversed up exactly from the major support level 49.35, former multi-month support level from July of last year, as can be seen below.The upwa...

Technical Analysis – GBPJPY range trading continues
April 20, 2024

XM ResearchNeutralApr 19, 2024 at 7:07 am GMT- Achilleas GeorgolopoulosGBPJPY is in the red today, not far from its recent highIt continues to hover inside a rectangle structureMomentum indicators are in waiting mode for the next key eventsGBPJPY is ...

Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone
April 20, 2024

XM ResearchNeutralApr 19, 2024 at 8:37 am GMT- Christina ParthenidouUSDCAD pauses aggressive bull run near five-month highFaces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlie...

Technical Analysis – Netflix stock moves within narrow range ahead of earnings
April 19, 2024

XM ResearchNeutralApr 18, 2024 at 1:34 pm GMT- Raffi BoyadjianNetflix stock continues to consolidate as Q1 earnings awaitedStrong support seen at 50-day SMA Netflix stock has been consolidating for much of April after prices reached a more than ...

Technical Analysis – WTI oil futures exit sideways move to the downside
April 19, 2024

XM ResearchBearishApr 18, 2024 at 8:19 am GMT- Christina ParthenidouWTI oil futures complete bearish triangle pattern after Wednesday’s dropBullish pressures could still resurface as long as the price holds above 81.50 WTI oil futures tumbled ...

Technical Analysis – AUDJPY pulls back but stays in uptrend
April 19, 2024

XM ResearchBullishApr 18, 2024 at 9:32 am GMT- Charalampos PissourosAUDJPY prints higher highs and higher lows above uptrend lineMACD and RSI detect positive momentumA break above 100.80 will confirm a higher highFor the outlook to change, a break be...

Midweek Technical Look - EURUSD, US 500, WTI
April 19, 2024

XM ResearchApr 18, 2024 at 9:54 am GMT- Melina DeltasEURUSD rebounds off 5-month low near 1.0600; remains beneath symmetrical triangleUS 500 index plummets to 2-month low, creating bearish correctionWTI crude oil dives for the sixth consecutive day&n...

Technical Analysis – BTCUSD drops to 6-week low as halving looms
April 19, 2024

XM ResearchBearishApr 18, 2024 at 10:03 am GMT- Stefanos OikonomidisBTCUSD falls temporarily below 60,000 ahead of halvingMomentum indicators point to intensifying downside pressuresBTCUSD (Bitcoin) experienced a strong pullback following the form...

Technical Analysis – NZDUSD bounces off 5-month low
April 18, 2024

XM ResearchBearishApr 17, 2024 at 7:11 am GMT- Melina DeltasNZDUSD posts some gains after negative daysImmediate resistance at 0.5940Stochastics and RSI tick higherNZDUSD rebounded off the five-month low of 0.5858 after three straight negative days w...

Technical Analysis – USDJPY on the verge of hitting 155.00 milestone
April 18, 2024

XM ResearchBullishApr 17, 2024 at 8:12 am GMT- Christina ParthenidouOverbought signals persist as USDJPY approaches the 155.00 levelBullish trend expected to hold strong above 151.00 After an explosive bullish session on Monday, USDJPY is now a ...

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